The Two-Income Trap

The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke is a 2004 popular nonfiction book by Elizabeth Warren and her daughter Amelia Warren Tyagi. The book examines the causes of increasing rates of personal bankruptcy and economic insecurity in American households. It was reissued in 2016. Authors At the time of publication, Elizabeth Warren was a professor of commercial law at Harvard University, specializing in bankruptcy law. Her earlier writing was primarily aimed at academic audiences. She was considered a leading figure in the then-active debate over personal bankruptcy law, in which she argued for generous access to bankruptcy protection. She would later enter politics, campaigning successfully for the creation of the Consumer Financial Protection Bureau, before being elected US Senator from the state of Massachusetts. Amelia Warren Tyagi is a management consultant formerly with McKinsey & Company. She holds a Master of Business Administration from The Wharton School. Synopsis